Short Interest in ProShares Ultra High Yield (NYSEARCA:UJB) Decreases By 44.5%

ProShares Ultra High Yield (NYSEARCA:UJB) saw a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 71 shares, a decrease of 44.5% from the January 15th total of 128 shares. Based on an average daily volume of 7,989 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 7,989 shares, the days-to-cover ratio is currently 0.0 days.

ProShares Ultra High Yield Trading Up 0.1%

Shares of NYSEARCA UJB traded up $0.10 during midday trading on Friday, hitting $79.80. The company’s stock had a trading volume of 515 shares, compared to its average volume of 8,191. The business’s 50 day moving average is $79.32 and its two-hundred day moving average is $78.43. ProShares Ultra High Yield has a 12-month low of $66.66 and a 12-month high of $80.09.

Hedge Funds Weigh In On ProShares Ultra High Yield

Hedge funds have recently added to or reduced their stakes in the stock. CWM LLC grew its position in shares of ProShares Ultra High Yield by 244.8% during the 4th quarter. CWM LLC now owns 331 shares of the company’s stock worth $26,000 after buying an additional 235 shares in the last quarter. Susquehanna International Group LLP bought a new position in ProShares Ultra High Yield during the 3rd quarter worth about $217,000. Citadel Advisors LLC grew its holdings in ProShares Ultra High Yield by 20.1% during the 3rd quarter. Citadel Advisors LLC now owns 5,017 shares of the company’s stock worth $392,000 after acquiring an additional 840 shares in the last quarter. Finally, Jane Street Group LLC increased its position in ProShares Ultra High Yield by 28.5% during the 1st quarter. Jane Street Group LLC now owns 7,333 shares of the company’s stock valued at $533,000 after purchasing an additional 1,625 shares during the period.

About ProShares Ultra High Yield

The ProShares Ultra High Yield (UJB) is an exchange-traded fund that is based on the iBoxx USD Liquid High Yield index. The fund provides 2x exposure to a market-value-weighted index of USD-denominated high-yield corporate bonds with remaining maturities between 3 and 15 years. UJB was launched on Apr 13, 2011 and is managed by ProShares.